Economy

Microsoft launches Windows 10

US Software giant Microsoft launched its new operating system Windows-10 with a host of new features.  It was launched by Microsoft’s India-born CEO Satya Nadella at a global launch event held in Kenya.

Windows 10 includes features such as

  • Cortana: Microsoft’s voice-based smart assistant similar to Apple’s Siri and Google’s Iris.
  • Xbox app: for gaming
  • Microsoft Edge: new web browser which has replaced Microsoft’s Internet Explorer.
  • Windows Hello: It will offer a fast, password-free, secured way to log in with face recognition.
  • Enhanced Windows Defender and SmartScreen: It will help to safeguard against viruses, malware and phishing.

Windows-10 will be available in 190 countries as a free upgrade or with new PCs and tablets. . Microsoft has mentioned that the Windows 10 is the most secure Windows ever.

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Kalyani Group partners with Israel’s Rafael to make Spike Missile

India’s Kalyani Group and Israel’s Rafael have partnered to produce Spike Anti-Tank Guided Missiles (ATGM) in India.

In this regard both the entities have formed a manufacturing Joint Venture (JV) and this move is considered to deepen India-Israel strategic cooperation.

The manufacturing JV will be as per the Foreign Direct Investment (FDI) guidelines which means that the 51% ownership stake in JV will hold by the Kalyani Group.

The FDI proposal in this regard was cleared by Defence Acquisition Council (DAC) in October 2014 which was chaired by then Defence Minister Arun Jaitley. The FDI deal was worth 3,200 crore rupees and comprises order of 300 plus launchers and 8,000 plus Spike ATGM missiles.

Spike Anti-Tank Guided Missiles (ATGM): It is a 3rd generation, man-portable, fire-and-forget, anti-tank missile.  Designed and developed by Israeli company Rafael Advanced Defense Systems.

In case of India’s requirement, there is need of about 40,000 missiles to equip the Indian Army’s 382 infantry battalions and 44 mechanised regiments.

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CCI imposes Rs. 420 crore fine on Hyundai for anti-competitive practices

The Competition Commission of India (CCI) has imposed fine of 420 crore rupees on the local unit of Hyundai Motor Co.

The fined was imposed after CCI investigation had found that Hyundai was engaged in anti-competitive practices. The fine imposed on Hyundai is 2 per cent of its annual turnover in India in past 2 year viz. 2009-10, 2010-11 and 2011-12.

CCI also had found other carmakers like Mahindra Reva Electric Car Company and Premier Ltd in violation of competitive practices but did not impose fine on them.

The CCI has notified Hyundai to deposit the penalty within 60 days from the order date and has warned these 3 carmakers to take corrective measures.

Anti-competitive practices: CCI in its investigation had found that Hyundai, Reva and Premier were restricting access to diagnostic tools and genuine spare parts in the market which distorted fair competition. This act had resulted in repairing and servicing of cars of these companies more expensive for consumers.

About Competition Commission of India (CCI)

  • CCI quasi-judicial statutory body whose predecessor was the MRTPC (Monopolies and Restrictive Trade Practices Commission).
  • It was established 2003 as per the provisions of The Competition Act, 2002 and became fully functional only by 2009.
  • It was established with an aim to eliminate anti-competitive practices that adversely affect competition in different industries/areas and protect interests of consumers and ensure freedom of trade and also to give opinions to statutory authorities.

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